Philippine Stocks: Alliance, A. Soriano, Philippine National

Shares of the following companies
had unusual moves in Philippine trading. Stock symbols are in
parentheses and prices are as of the close in Manila.

The Philippine Stock Exchange Index increased 0.3 percent
to 4,119.71. The measure advanced for a fifth day, the longest
stretch of gains since Aug. 16.

Alliance Global Group Inc. (AGI) , owner of Manila’s
largest casino, climbed 2.1 percent to 9.70 pesos, the highest
close since Sept. 22. The stock was rated “buy” in initial
coverage by Citigroup Inc. The brokerage has a 12-month share-
price estimate of 12 pesos.

A. Soriano Corp. (ANS PM) advanced 2.9 percent to 3.25
pesos, the highest close since Sept. 29. The company said it
will pay a dividend of 12 centavos a share.

Philippine National Bank (PNB) , owned by airline and
tobacco tycoon Lucio Tan, increased 6.9 percent to 51.80 pesos,
the highest close since Sept. 5. Allied Banking Corp. said it
began the process of selling its stake in U.S. lender Oceanic
Bank, a regulatory requirement that paves the way for a merger
of Philippine National and Allied Bank.